BOSTON PARTNERS INVESTMENT FUNDS
|
||||||||
BOSTON PARTNERS GLOBAL EQUITY FUND
|
||||||||
PORTFOLIO OF INVESTMENTS
|
||||||||
MAY 31, 2021 (UNAUDITED)
|
||||||||
NUMBER OF
|
||||||||
SHARES
|
VALUE
|
|||||||
COMMON STOCKS—97.6%
|
||||||||
Austria—0.4%
|
||||||||
ams AG*
|
39,994
|
$
|
786,292
|
|||||
Bermuda—1.5%
|
||||||||
Everest Re Group Ltd.
|
10,678
|
2,775,853
|
||||||
Canada—0.8%
|
||||||||
Cenovus Energy, Inc.
|
106,733
|
866,728
|
||||||
West Fraser Timber Co., Ltd.
|
8,537
|
656,926
|
||||||
1,523,654
|
||||||||
China—0.5%
|
||||||||
Angang Steel Co., Ltd.
|
1,504,000
|
991,445
|
||||||
Finland—1.8%
|
||||||||
Metso Outotec Oyj
|
132,287
|
1,568,066
|
||||||
Nordea Bank Abp
|
152,948
|
1,661,549
|
||||||
3,229,615
|
||||||||
France—10.0%
|
||||||||
Airbus Group SE*
|
16,931
|
2,224,505
|
||||||
Capgemini SA
|
14,504
|
2,711,816
|
||||||
Cie de Saint-Gobain
|
41,644
|
2,795,439
|
||||||
Cie Generale des Etablissements Michelin SCA
|
5,953
|
909,851
|
||||||
Eiffage SA
|
19,207
|
2,119,307
|
||||||
Imerys SA
|
27,082
|
1,414,335
|
||||||
Klepierre SA
|
47,966
|
1,393,042
|
||||||
Sanofi
|
29,560
|
3,162,730
|
||||||
TOTAL SE
|
39,437
|
1,839,376
|
||||||
18,570,401
|
||||||||
Germany—6.2%
|
||||||||
Brenntag SE
|
10,270
|
964,498
|
||||||
Deutsche Post AG
|
40,814
|
2,772,346
|
||||||
Deutsche Telekom AG
|
90,382
|
1,881,049
|
||||||
HeidelbergCement AG
|
21,527
|
1,967,542
|
||||||
Rheinmetall AG
|
22,099
|
2,305,334
|
||||||
Siemens AG
|
9,844
|
1,615,775
|
||||||
11,506,544
|
||||||||
Hong Kong—0.6%
|
||||||||
Topsports International Holdings Ltd.
|
715,000
|
1,106,618
|
||||||
Ireland—1.0%
|
||||||||
CRH PLC
|
37,026
|
1,930,762
|
||||||
Japan—12.1%
|
||||||||
Asahi Group Holdings Ltd.
|
34,700
|
1,677,382
|
||||||
Fuji Corp.
|
42,200
|
1,065,913
|
||||||
Fuji Electric Co., Ltd.
|
24,200
|
1,135,932
|
||||||
Hitachi Ltd.
|
37,500
|
1,975,844
|
||||||
Honda Motor Co., Ltd.
|
83,500
|
2,609,508
|
||||||
Komatsu Ltd.
|
66,700
|
2,010,699
|
||||||
Mitsubishi Gas Chemical Co., Inc.
|
63,200
|
1,485,153
|
||||||
Nihon Unisys Ltd.
|
29,800
|
878,722
|
||||||
Resona Holdings, Inc.
|
222,400
|
956,728
|
||||||
Sony Group Corp.
|
26,900
|
2,674,845
|
||||||
Sumitomo Heavy Industries Ltd.
|
29,500
|
926,573
|
||||||
Sumitomo Mitsui Financial Group, Inc.
|
55,000
|
2,010,835
|
||||||
Tosoh Corp.
|
45,000
|
800,119
|
||||||
Yamaha Motor Co., Ltd.
|
72,200
|
2,119,484
|
||||||
22,327,737
|
||||||||
Macao—0.5%
|
||||||||
Wynn Macau Ltd.*
|
561,600
|
972,609
|
||||||
Netherlands—4.8%
|
||||||||
Aalberts NV
|
17,078
|
972,139
|
||||||
ING Groep NV
|
161,109
|
2,254,420
|
||||||
NXP Semiconductors NV
|
4,933
|
1,042,935
|
||||||
Signify NV
|
24,515
|
1,516,221
|
||||||
Stellantis NV
|
153,405
|
3,001,215
|
||||||
8,786,930
|
||||||||
Norway—0.5%
|
||||||||
Norsk Hydro ASA
|
132,148
|
856,169
|
||||||
Singapore—1.5%
|
||||||||
DBS Group Holdings Ltd.
|
51,000
|
1,171,807
|
||||||
United Overseas Bank Ltd.
|
80,700
|
1,602,383
|
||||||
2,774,190
|
||||||||
South Korea—3.8%
|
||||||||
KB Financial Group, Inc.
|
49,096
|
2,515,471
|
||||||
POSCO
|
3,144
|
1,005,572
|
||||||
Samsung Electronics Co., Ltd.
|
15,591
|
1,119,126
|
||||||
SK Hynix, Inc.
|
7,070
|
792,696
|
||||||
SK Telecom Co., Ltd.
|
5,837
|
1,664,978
|
||||||
7,097,843
|
||||||||
Sweden—3.1%
|
||||||||
Loomis AB
|
47,756
|
1,532,029
|
||||||
Svenska Handelsbanken AB, Class A
|
155,996
|
1,783,700
|
||||||
Volvo AB, Class B
|
92,999
|
2,451,001
|
||||||
5,766,730
|
||||||||
Switzerland—3.5%
|
||||||||
Glencore PLC*
|
517,468
|
2,353,976
|
||||||
Novartis AG
|
27,993
|
2,472,922
|
||||||
STMicroelectronics NV
|
42,588
|
1,589,153
|
||||||
6,416,051
|
||||||||
Taiwan—0.5%
|
||||||||
Wiwynn Corp.
|
30,000
|
982,226
|
||||||
United Kingdom—3.8%
|
||||||||
Entain PLC*
|
54,612
|
1,276,914
|
||||||
IMI PLC
|
55,250
|
1,300,986
|
||||||
Inchcape PLC
|
103,172
|
1,143,655
|
||||||
Melrose Industries PLC
|
544,936
|
1,331,909
|
||||||
Persimmon PLC*
|
27,999
|
1,251,894
|
||||||
WH Smith PLC*
|
29,609
|
725,213
|
||||||
7,030,571
|
||||||||
United States—40.7%
|
||||||||
Allstate Corp., (The)
|
9,786
|
1,336,866
|
||||||
Anthem, Inc.
|
6,420
|
2,556,572
|
||||||
Applied Materials, Inc.
|
8,854
|
1,223,003
|
||||||
AutoZone, Inc.*
|
1,189
|
1,672,447
|
||||||
Bank of America Corp.
|
36,796
|
1,559,782
|
||||||
Carter's, Inc.
|
13,416
|
1,371,652
|
||||||
Charles Schwab Corp., (The)
|
16,470
|
1,216,310
|
||||||
Charter Communications, Inc., Class A*(a)
|
3,221
|
2,237,081
|
||||||
Cigna Corp.
|
11,061
|
2,863,140
|
||||||
Cisco Systems, Inc.
|
47,346
|
2,504,603
|
||||||
Citigroup, Inc.
|
28,861
|
2,271,649
|
||||||
Concentrix Corp.*
|
13,655
|
2,085,392
|
||||||
Corteva, Inc.
|
16,580
|
754,390
|
||||||
CVS Health Corp.
|
28,576
|
2,470,109
|
||||||
Diamondback Energy, Inc.
|
24,310
|
1,946,502
|
||||||
DuPont de Nemours, Inc.
|
37,300
|
3,155,207
|
||||||
Eagle Materials, Inc.
|
6,258
|
918,424
|
||||||
Eaton Corp., PLC
|
8,854
|
1,286,044
|
||||||
Fifth Third Bancorp
|
37,196
|
1,567,439
|
||||||
FMC Corp.
|
10,225
|
1,193,155
|
||||||
Goldman Sachs Group, Inc., (The)
|
7,387
|
2,748,112
|
||||||
HollyFrontier Corp.
|
39,622
|
1,286,526
|
||||||
Huntington Bancshares, Inc.
|
90,301
|
1,432,174
|
||||||
ITT, Inc.(a)
|
7,671
|
720,307
|
||||||
JPMorgan Chase & Co.
|
12,907
|
2,119,846
|
||||||
KeyCorp
|
109,475
|
2,522,304
|
||||||
LKQ Corp.*
|
47,766
|
2,434,155
|
||||||
Marathon Petroleum Corp.
|
27,664
|
1,709,635
|
||||||
MasTec, Inc.*(a)
|
6,349
|
738,579
|
||||||
McKesson Corp.(a)
|
11,253
|
2,164,965
|
||||||
Medtronic PLC
|
5,884
|
744,856
|
||||||
Merck & Co., Inc.
|
16,718
|
1,268,729
|
||||||
Micron Technology, Inc.*
|
22,024
|
1,853,099
|
||||||
Nexstar Media Group, Inc., Class A
|
9,881
|
1,501,023
|
||||||
Oracle Corp.
|
11,051
|
870,156
|
||||||
Owens Corning
|
23,363
|
2,491,664
|
||||||
Pioneer Natural Resources Co.(a)
|
7,457
|
1,134,881
|
||||||
Schlumberger Ltd.
|
31,213
|
977,903
|
||||||
Science Applications International Corp.
|
23,858
|
2,143,880
|
||||||
Sensata Technologies Holding PLC*
|
29,386
|
1,746,410
|
||||||
Synchrony Financial(a)
|
39,996
|
1,896,210
|
||||||
TE Connectivity Ltd.
|
9,586
|
1,300,629
|
||||||
Textron, Inc.
|
19,528
|
1,337,082
|
||||||
Valvoline, Inc.
|
61,823
|
2,040,159
|
||||||
75,373,051
|
||||||||
TOTAL COMMON STOCKS
|
||||||||
(Cost $129,586,438)
|
180,805,291
|
|||||||
PREFERRED STOCKS—1.3%
|
||||||||
Germany—0.9%
|
||||||||
Volkswagen AG 2.156%
|
5,620
|
1,547,183
|
||||||
South Korea—0.4%
|
||||||||
Samsung Electronics Co., Ltd. 4.146%
|
11,978
|
774,923
|
||||||
TOTAL PREFERRED STOCKS
|
||||||||
(Cost $1,770,230)
|
2,322,106
|
|||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL—3.5%
|
||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.09%(b)
|
6,554,039
|
6,554,039
|
||||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL
|
||||||||
(Cost $6,554,039)
|
6,554,039
|
|||||||
SHORT-TERM INVESTMENTS—1.1%
|
||||||||
U.S. Bank Money Market Deposit Account, 0.01%(b)
|
2,025,860
|
2,025,860
|
||||||
TOTAL SHORT-TERM INVESTMENTS
|
||||||||
(Cost $2,025,860)
|
2,025,860
|
|||||||
TOTAL INVESTMENTS—103.5%
|
||||||||
(Cost $139,936,567)
|
191,707,296
|
|||||||
LIABILITIES IN EXCESS OF OTHER ASSETS—(3.5)%
|
(6,508,198
|
)
|
||||||
NET ASSETS—100.0%
|
$
|
185,199,098
|
PLC
|
Public Limited Company
|
|||||
*
|
Non-income producing.
|
|||||
(a)
|
All or a portion of the security is on loan. At May 31, 2021, the market value of securities on loan was $6,406,107.
|
|||||
(b)
|
The rate shown is as of May 31, 2021.
|
BOSTON PARTNERS INVESTMENT FUNDS
|
|
BOSTON PARTNERS GLOBAL EQUITY FUND
|
|
NOTES TO PORTFOLIO OF INVESTMENTS
|
|
MAY 31, 2021 (UNAUDITED)
|
FAIR VALUE MEASUREMENTS — The inputs and valuation techniques used to measure fair value of the Fund’s investments are summarized into three levels as described in the
hierarchy below:
|
||||||
• Level 1 — Prices are determined using quoted prices in active markets for identical securities.
|
||||||
• Level 2 — Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
|
||||||
• Level 3 — Prices are determined using significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
|
||||||
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
|
||||||
The following is a summary of the inputs used, as of May 31, 2021, in valuing the Fund's investments carried at fair value:
|
TOTAL
|
LEVEL 1
|
LEVEL 2
|
LEVEL 3
|
INVESTMENTS MEASURED AT NET ASSET VALUE*
|
||||||||||||||||
Common Stock
|
||||||||||||||||||||
Austria
|
$
|
786,292
|
$
|
-
|
$
|
786,292.00
|
$
|
-
|
$
|
-
|
||||||||||
Bermuda
|
2,775,853
|
2,775,853
|
-
|
-
|
-
|
|||||||||||||||
Canada
|
1,523,654
|
1,523,654
|
-
|
-
|
-
|
|||||||||||||||
China
|
991,445
|
-
|
991,445
|
-
|
-
|
|||||||||||||||
Finland
|
3,229,615
|
-
|
3,229,615
|
-
|
-
|
|||||||||||||||
France
|
18,570,401
|
-
|
18,570,401
|
-
|
-
|
|||||||||||||||
Germany
|
11,506,544
|
-
|
11,506,544
|
-
|
-
|
|||||||||||||||
Hong Kong
|
1,106,618
|
-
|
1,106,618
|
-
|
-
|
|||||||||||||||
Ireland
|
1,930,762
|
-
|
1,930,762
|
-
|
-
|
|||||||||||||||
Japan
|
22,327,737
|
-
|
22,327,737
|
-
|
-
|
|||||||||||||||
Macao
|
972,609
|
-
|
972,609
|
-
|
-
|
|||||||||||||||
Netherlands
|
8,786,930
|
1,042,935
|
7,743,995
|
-
|
-
|
|||||||||||||||
Norway
|
856,169
|
-
|
856,169
|
-
|
-
|
|||||||||||||||
Singapore
|
2,774,190
|
-
|
2,774,190
|
-
|
-
|
|||||||||||||||
South Korea
|
7,097,843
|
-
|
7,097,843
|
-
|
-
|
|||||||||||||||
Sweden
|
5,766,730
|
1,532,029
|
4,234,701
|
-
|
-
|
|||||||||||||||
Switzerland
|
6,416,051
|
-
|
6,416,051
|
-
|
-
|
|||||||||||||||
Taiwan
|
982,226
|
-
|
982,226
|
-
|
-
|
|||||||||||||||
United Kingdom
|
7,030,571
|
-
|
7,030,571
|
-
|
-
|
|||||||||||||||
United States
|
75,373,051
|
75,373,051
|
-
|
-
|
-
|
|||||||||||||||
Preferred Stock
|
||||||||||||||||||||
Germany
|
1,547,183
|
-
|
1,547,183
|
-
|
-
|
|||||||||||||||
South Korea
|
774,923
|
-
|
774,923
|
-
|
-
|
|||||||||||||||
Investments Purchased with Proceeds from Securities Lending Collateral
|
6,554,039
|
-
|
-
|
-
|
6,554,039
|
|||||||||||||||
Short-Term Investments
|
2,025,860
|
2,025,860
|
-
|
-
|
-
|
|||||||||||||||
Total Assets
|
$
|
191,707,296
|
$
|
84,273,382
|
$
|
100,879,875
|
$
|
-
|
$
|
6,554,039
|
For the period ended May 31, 2021, the Fund had no significant Level 3 transfers.
|
||||||
For more information with regard to significant accounting policies, see the most recent semi-annual or annual report filed with the Securities and Exchange Commission.
|
||||||
|